Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Adam Schiff's Latest Elon Musk Wealth Grab Fantasy Is Even Worse Than It Sounds
Red State ^ | 06/21/2026 | Nick Arama

Posted on 06/22/2026 3:34:04 AM PDT by DFG

We've seen a variety of Democrats make ridiculous remarks since Elon Musk became a trillionaire following the initial public offering (IPO) of his company, SpaceX.

They all seemed to think this was the time to talk about how much the government should grab from Elon and/or billionaires to redistribute to those who didn't earn it, and punish success. The Democratic nominee for the Senate from Maine, the scandal-plagued Graham Platner, even said that they should make sure that Musk was the "last trillionaire." California Gov. Gavin Newsom (D) said we needed to "democratize the economy."

There was Democrat Rep. Ro Khanna (CA-17), who revealed why we should never vote for his party and had problems with math as he spoke about a 5 percent wealth tax on billionaires.

This the basic difference.

Republicans believe that that if you let the wealthy spend capital` it will make Americans prosperous.

Democrats believe that the federal government investing in the healthcare & education of our people will make America prosperous & productive.

As I noted then, Democrats think that "prosperity" comes from taking more of your money because they know how to spend it for you. What an ad for why we shouldn't vote for them.

However, Sen. Adam Schiff (D-CA) apparently decided he wanted to top Khanna with an even worse idea. Actual redistribution of Elon's trillion to other people.

First, he says you could distribute it to all American households. Then, he claims the trillion could pay for the college education of 7.7 million people. Finally, he suggests you could use it to pay for all child care costs from birth to 18 for 4.3 million kids.

The Democrats are literally now proposing the idea of confiscating all someone's money. Can we talk again about how they are rushing headlong to embrace radical leftist thought?

Leaving aside the questions of Schiff's math, Musk doesn't have a trillion dollars lying around in cash you can grab. It's locked up in the stock and the value of the companies. If you grab it, you destroy the companies and all they would provide, including the scientific advancement and the space exploration. You put all the tens of thousands of employees out of work. You destroy the investments that Americans have in his companies and probably tank the stock market, so you hurt all those people as well.

Then you would probably cause billionaires to flee the country, if we had a government idiotic and communistic enough to do this, tanking the economy and the country even more.

Then, too, can we talk about how bad they already are with the money they have taken from American taxpayers? It isn't Elon grabbing your money; it's the government. Elon was actually working hard to save us money when he was helping out the Trump administration with the Department of Government Efficiency (DOGE). Elon has created value, while politicians have created debt.

But hey, just trust the Democrats, bro. They really mean well, even though the government has already gotten trillions and not done any of these things. All you need to do is give them more money. Not to mention, it isn't the role of the government to pay for the things he's talking about.

Then, to top it off, Schiff doubled down on it after the backlash, posting Fox's take on his video, calling it (appropriately) a "war on success."

Fox News: Adam Schiff points out how far $1 TRILLION would go to help Americans afford the cost of living if tax shelters didn’t allow it all to go to one person.

Me: Yup.

Nope. Fox didn't say in that clip, "if tax shelters didn't allow it all to go to one person." That doesn't even make sense, as the money is wrapped up in stock value, not tax shelters.

Schiff called Musk's success a "product of a corrupt system." Musk's success is due to hard work and ingenuity. He earned it. Meanwhile, Schiff has been part of the system that just keeps spending more and piling up the debt, so what is he even saying?

Any Democrat who comes up with these kinds of ideas should be willing to put up some of their own money. After all, if they care about "income inequality," it's the least they can do if they're going to push these ideas.


TOPICS: Politics
KEYWORDS: adamschiff; elonmusk; schifforbrains; spacex; trillionaire

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.


Navigation: use the links below to view more comments.
first 1-2021-32 next last

1 posted on 06/22/2026 3:34:04 AM PDT by DFG
[ Post Reply | Private Reply | View Replies]

To: DFG

Elon is the wrong kind of African. If Somali fraudsters garnered a trillion dollars, as long as Dems got their cut, you wouldn’t hear a peep out of them.


2 posted on 06/22/2026 3:43:22 AM PDT by A_perfect_lady (The greatest wealth is to live content with little. -Plato)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG
"The Democrats are literally now proposing the idea of confiscating all someone's money."

I prefer trickle down economics to demRATs trickle up poverty.
3 posted on 06/22/2026 3:49:11 AM PDT by clearcarbon (Fraudulent elections have consequences.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: A_perfect_lady

Exactly, Shiff would be the first in line praising Elon if he was getting his corrupt share.

Someone who works hard, earns success and does not pay off the uniparty is worse than a pdf to people like Shiff. (though Schiff probably finds pdf a desirable trait)


4 posted on 06/22/2026 3:50:12 AM PDT by Skwor
[ Post Reply | Private Reply | To 2 | View Replies]

To: DFG

β€œ First, he says you could distribute it to all American households. Then, he claims the trillion could pay for the college education of 7.7 million people. Finally, he suggests you could use it to pay for all child care costs from birth to 18 for 4.3 million kids.”

The 2026 budget is already spending $7.4 Trillion on revenues of $5.6 Trillion.

Yet, none of what Slimy Schiff proposes to do with $1 Trillion has been done.

EC


5 posted on 06/22/2026 3:57:43 AM PDT by Ex-Con777 ("Journalism is about covering important stories-with a pillow, until they stop moving." ~ David Burg)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG; fwdude

DEMOCRAT Adam Schiff Promotes πŸ³οΈβ€πŸŒˆπŸ³οΈβ€βš§οΈ Gay Pride Parades πŸ³οΈβ€βš§οΈπŸ³οΈβ€πŸŒˆ

AI Overview:

Adam Schiff is a frequent participant in Pride parades across California, marching in events such as the LA Pride Parade in West Hollywood, the San Diego Pride Parade, and the San Francisco Pride Parade. His attendance and advocacy highlight his support for the LGBTQ+ community and alignment with allied leaders and organizations.


6 posted on 06/22/2026 4:02:25 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They Did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

DC has had too much money. Their thoughts of spending has led to a 34 trillion dollar deficit ie: our money spent that they don’t have.
Now they want to spend spend spend
Defund the fed and cut all politician funding let them pay for fixing their blind screwup.


7 posted on 06/22/2026 4:05:35 AM PDT by Recompennation ( Deeeeeeeeezout)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

“democratize the economy.”
β€”β€”β€”β€”-

That’s one of the least democratic statements I’ve seen in a while.


8 posted on 06/22/2026 4:08:55 AM PDT by Vermont Lt
[ Post Reply | Private Reply | To 1 | View Replies]

To: A_perfect_lady
If a Hunter Biden painting is worth 900K and Ilhan Omar's winery is worth 30 million then how much should Elon’s companies be worth?
9 posted on 06/22/2026 4:15:46 AM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
[ Post Reply | Private Reply | To 2 | View Replies]

To: DFG

Out of curiousity, how much is Adam Schitt (POS, PRCA) worth?


10 posted on 06/22/2026 4:20:37 AM PDT by military cop (I carry a .45....cause they don't make a .46....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest; Governor Dinwiddie; Morgana; fwdude; Elsie; ViLaLuz; Libloather; ...




[All pictures are posted for Educational Purposes
in accordance with Fair Use]




----

Genesis 19:11-14
English Standard Version

11 And they struck with blindness the men who were at the entrance of the house, both small and great, so that they wore themselves out groping for the door.

12 Then the men said to Lot, β€œHave you anyone else here? Sons-in-law, sons, daughters, or anyone you have in the city, bring them out of the place.

13 For we are about to destroy this place, because the outcry against its people has become great before the LORD, and the LORD has sent us to destroy it.”

14 So Lot went out and said to his sons-in-law, who were to marry his daughters, β€œUp! Get out of this place, for the LORD is about to destroy the city.” But he seemed to his sons-in-law to be jesting.

https://www.biblegateway.com/passage/?search=Genesis%2019%3A11-14&version=ESV


---

Genesis 19:27-28
King James Version

27 And Abraham gat up early in the morning to the place where he stood before the Lord:

28 And he looked toward Sodom and Gomorrah, and toward all the land of the plain, and beheld, and, lo, the smoke of the country went up as the smoke of a furnace.

https://www.biblegateway.com/passage/?search=Genesis+19%3A27-28&version=KJV

11 posted on 06/22/2026 4:24:14 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They Did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 6 | View Replies]

To: military cop

Adam Schiff is a commie, pillow-biter.


12 posted on 06/22/2026 4:24:28 AM PDT by sgt_lau (Islamophobic? No. I reject a 7th century death-cult that demands non-believers like me, dead.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: DFG

Scumbags like that Piece Of Schiff have already wasted away 40 Trillion dollars we didn’t even have . Giving our out of control government more money is like giving a crack addict all the crack they could ever want .


13 posted on 06/22/2026 4:25:21 AM PDT by Nateman (Democrats did not strive for fraud friendly voting merely to continue honest elections.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

There is no other person on Earth I would rather see become a Trillionaire than Elon Musk. His whole life has been dedicated to expanding Civilization into space . The sooner we can get people living and working off of Earth the better. Civilization has reached the point where it can wipe itself out given the chance. Once people are living in space Civilization once again has a chance against the crazies who would destroy it .


14 posted on 06/22/2026 4:31:29 AM PDT by Nateman (Democrats did not strive for fraud friendly voting merely to continue honest elections.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

POSchiff in government. HOORAY Elon!


15 posted on 06/22/2026 4:31:52 AM PDT by PGalt (Past Peak Civilization? )
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

Winston Churchill


16 posted on 06/22/2026 4:32:04 AM PDT by Red Badger (Iryna Zarutska, May 22, 2002 Kyiv, Ukraine – August 22, 2025 Charlotte, North Carolina Say her name)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG
if you let the wealthy spend capital

You can spend money, but you cannot spend capital. Each of Elon's shares represents a fractional ownership of the physical assets, IP and good will of the company, which only turns into a call on cash after goods and services are provided and paid for, and the company pays its providers, employees, debt holders, etc. Then there is some remaining cash, normally called profit, a substantial fraction of which gets reinvested to keep the company health and competitive and some of which might be sent to shareholders. So you could take all of Elon's cash income from that at it might when the companies business matures net a couple of percent of the gross revenue per year. 2% of a Trillion, say is $20B, a tidy sum, but not a windfall to the political entities that try to steal it. Or Mandami could really steal the wealth and become director and principal share holder. He cannot even figure out how to collect trash, much less run a rocket company.

17 posted on 06/22/2026 4:41:30 AM PDT by AndyJackson
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

How ‘bout we confiscate ALL of pedo Schitt’s senate pay and give it to the poor? Worthless POS.


18 posted on 06/22/2026 4:44:06 AM PDT by july4thfreedomfoundation (Charlie Kirk's assassination / murder was our Fort Sumter moment. But only one side is fighting.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SaveFerris

He should just wear a dress.


19 posted on 06/22/2026 4:47:05 AM PDT by Kudsman (Make Mike Lee Majority Leader.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Kudsman

πŸ˜€πŸ˜ƒπŸ˜‚ 🀣🀣🀣


20 posted on 06/22/2026 4:48:22 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They Did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 19 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-32 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson